S&P Global has completed the spinoff of its Mobility business, now trading as Mobility Global under ticker MBGL, effective July 1. The divested unit provides automotive market intelligence and owns CarFax, and was the company's smallest and lowest-margin segment with operating margins below 22% last year versus a companywide average above 40%. The remaining company, which includes ratings, market intelligence, and energy data services, is expected to see slightly higher profit margins and greater strategic focus. S&P Global's first quarterly earnings report without Mobility is due on July 28, and its 53-year streak of annual dividend growth remains intact.
S&P Global IncSpinoff of low-margin Mobility business expected to improve profit margins and strategic focus
Mobility Global Inc.
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